Question
First City Bank pays 0.098 percent simple interest on its savings account balances, whereas Second City Bank pays 0.1 percent interest compounded annually. If you
First City Bank pays 0.098 percent simple interest on its savings account balances, whereas Second City Bank pays 0.1 percent interest compounded annually. If you made a deposit of $8,600 in each bank, how much more money would you earn from your Second City Bank account at the end of eight years?
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Analysis Of Financial Data
Authors: Gary Koop
1st Edition
0470013214, 978-0470013212
